Quang Ninh: Breakthroughs to drive infrastructure development

A section of the Ha Long-Van Don highway (Photo: VNA) Quang Ninh (VNA) – Playing an important role in the Hanoi-Hai Phong-Quang Ninh economic triangle and serving as a gateway for trade between Vietnam and the Association of Southeast Asian Nations (ASEAN) and China, the northern coastal province of Quang Ninh has been making several breakthroughs to develop local transport infrastructure and meet the burgeoning economic growth. According to Chairman of the provincial People’s Committee Nguyen Duc Long, it would take the province 10 years to complete its comprehensive, modern transport infrastructure if it only relied on State allocation and local budget. However, Quang Ninh has made a quantum leap with various measures taken to lure private investment. Thanks to concerted efforts to improve the business climate, within three years, the locality secured 36 trillion VND (1.53 billion USD) in transport projects, three quarters of which were mobilised from the private sector. A line-up of investors have come to the province to branch out key transport projects under build-transfer (BT), build-operate-transfer (BOT), and public-private partnership (PPP) contracts. The 474.4-million-USD Van Don-Mong Cai highway project will be developed under a BOT and PPP contract inked between the provincial People’s Committee, the joint venture of Long Van Infrastructure Investment and Development Co.,Ltd, Van Don Sun JSC, and Cong Thanh Transportation and Construction Corporation. The joint venture will invest more than 1.26 trillion VND (54.3 million USD) and mobilise nearly 9.86 trillion VND (425.24 million USD) for the project. The 80.2km Van Don-Mong… [Read full story]